1020 16th Street

Description

Single family home with two additional mobiles on the property. Live in one residence and rent out the others to live rent free! FULLY OCCUPIED - DO NOT DISTURB TENANTS, DO NOT DRIVE ONTO PROPERTY. (YOU MAY DRIVE BY AND VIEW FROM STREET ONLY!) Very stable investment with long-term tenants that want to stay. 6.6% NET cap rate. 3 homes on 4.7 acres with water rights and views to Grand Mesa, inside the city limits! (4.8 shares of irrigation deeded water UVWUA) The Main home (1020) is 1,392 feet (3/2) 2 stories - Adobe/stick built, all new flooring, paint, a new $4000 furnace, and new hot water heater! The 1st rental/mobile (1010) 804 SF 2/1. New Flooring, Paint, Roof re-coated The 2nd rental /mobile (1030) 1,078 feet 2/2 . New Flooring, Paint, Roof re-coated Both mobiles' roof's have had full waterproofing and paint work in 2020 All 3 units have W/D hookups and exterior storage sheds Delta, CO, Western slope of Colorado. 20 min to Montrose or 40 to Grand Junction. Great income potential - Hold as pure investment or live in one, rent out the other two. Remodeled 2020. 3 sewer and 3 water taps - All tenants pay their own electric, gas, water, sewer, trash. 3 separate addresses per assessor, room to farm or subdivide in the future for more lots. Develop? Plenty of room. 3-4 out buildings/sheds. Other Upgrades/Notes from 2020 remodel: 2 out of 3 NEW hot water heaters, new stone and wood interior upgrades. 2 granite counters. New vanity's! Homes are old but have a vibrant modern feel. Huge lawn on the East and acres to work on in the back with irrigation ditches/canals/pipes. The west border is an alley for private access to the back of the parcel. Irrigation water cuts thru the property, easy for distribution - plenty of water! In town convenience with out of town space and views! Some new fencing to help with separation. Showers in all bathrooms. Both mobiles have tubs, No Tub in stick built home.